http://archive.truthout.org/the-real-news-jobs68236

Quote:But to get to the most important trend you have to dig under the job numbers and look at what kind of new jobs are being created. That’s where the big problem lies.

The National Employment Law Project did just that. Its new data brief shows that most of the new jobs created since February 2010 (about 1.26 million) pay significantly lower wages than the jobs lost (8.4 million) between January 2008 and February 2010.

While the biggest losses were higher-wage jobs paying an average of $19.05 to $31.40 an hour, the biggest gains have been lower-wage jobs paying an average of $9.03 to $12.91 an hour.

In other words, the big news isn’t jobs. It’s wages.

Meanwhile the corporate whores continue to shovel money into their own pockets.

And the problem grows when people who are used to making fair wages for their work get laid off and have to go on unemployment because it is less of a pay cut.

(March 5, 2011 at 8:53 pm)Minimalist Wrote: http://archive.truthout.org/the-real-news-jobs68236

Quote:But to get to the most important trend you have to dig under the job numbers and look at what kind of new jobs are being created. That’s where the big problem lies.

The National Employment Law Project did just that. Its new data brief shows that most of the new jobs created since February 2010 (about 1.26 million) pay significantly lower wages than the jobs lost (8.4 million) between January 2008 and February 2010.

While the biggest losses were higher-wage jobs paying an average of $19.05 to $31.40 an hour, the biggest gains have been lower-wage jobs paying an average of $9.03 to $12.91 an hour.

In other words, the big news isn’t jobs. It’s wages.

Meanwhile the corporate whores continue to shovel money into their own pockets.

http://www.youtube.com/watch?v=hooMIpQQ-iA

When will we Americans stop fighting each other over table scraps?

Corporatism is set be the central fabric of our society soon, unless I make some money I assume I will be sent to a labor camp, but it could be worse. I could be living in parts of Europe that believe a collection of wealthy industrialists, elitist bureaucrats, intellectual decadents and Christian socialists actually constitute true socialism, when really even that is just Corporatism in a different shade of color.

People being paid less just after a recession? How dare they!

(March 5, 2011 at 11:13 pm)BlackUnicorn Wrote: Corporatism is set be the central fabric of our society soon, unless I make some money I assume I will be sent to a labor camp, but it could be worse. I could be living in parts of Europe that believe a collection of wealthy industrialists, elitist bureaucrats, intellectual decadents and Christian socialists actually constitute true socialism, when really even that is just Corporatism in a different shade of color.

Corporatism = Fascism without the safety net of a social security. Why do you think they keep trying to take SS and put it in the private sector? They will rob you blind and act like you lost the money legit.

(March 5, 2011 at 11:58 pm)theVOID Wrote: People being paid less just after a recession? How dare they!

We have a 30+ year trend of this. The recession didn't last that long.


Unless you are a working class American, that is.


Self-delusion is not a pretty sight, Void.

SS is already a ponzy scheme, fuck just passing it off to the private sector, it should be abolished outright - The system is ALREADY running a deficit.

If SS won't be abolished you should be able to opt out and save for your own retirement, I'd buy a shitload of Gold and silver so my savings aren't diminished by shitty interventionist economic and monetary policy driving up inflation.

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(March 6, 2011 at 12:14 am)Minimalist Wrote:

(March 5, 2011 at 11:58 pm)theVOID Wrote: People being paid less just after a recession? How dare they!

We have a 30+ year trend of this. The recession didn't last that long.


Unless you are a working class American, that is.


Self-delusion is not a pretty sight, Void.

There is still a recession, the only reason your economy looks like it's growing is because the Fed is printing money, but real wages are down, productivity is down and job rates are essentially stagnant.

The rich are only getting off without loosing assets and wages because of the corporate bailouts that your corrupt/naive government keeps dolling out, were they allowed to crash their average incomes would have plummeted to a greater extent than low income workers, it would have been tougher short term but the economy would have balanced out, instead it's only the labour and consumer markets that suffer while the government, as usual, looks out for producers and employers.

Your economy is phony and over valued, so are your average incomes - We had a bigger recession than the US on paper, but our wages rose 5.9% on average because we weren't being printing-press morons - You should expect nothing less than decreasing wages, currency and purchasing power until such time as the value of the US economy is realistic compared to the global economy, because of corporate welfare the rich aren't going to have it anywhere near as bad in proportion, you can thank your buddy Obama for that one.

If you lot didn't have the global reserve currency you wouldn't be able to export fiat in exchange for goods, because we all know the US doesn't produce fuck all of what it consumes, the American dream delusion would have ended long before now.

(March 6, 2011 at 12:20 am)theVOID Wrote: SS is already a ponzy scheme, fuck just passing it off to the private sector, it should be abolished outright - The system is ALREADY running a deficit.

I really like you VOID. But I have to ask why you gave me kudos for saying they are trying to take your SS away in a negative way, then you turn around and post this.

What does this mean?

Because I agreed with two of your main points.
1. I agree that private companies running SS is bad.
2. I agree that Corporatism is bad.

That being said I think social security is an inherently shit idea, it's bad when the government does it, it's bad when the government mandates than you buy it from private companies. People should be given their taxes back to save for their own retirements.